The S Corporation can be a powerful tax-savings tool for many small businesses. But despite its popularity, there is still a lot of confusion surrounding S Corporations. Let’s smash a few common myths about S Corps: Myth #1: S Corporations are a great...
If you’re a part of my “All Up In Yo’ Business” community, hearing me discuss LLCs is nothing new. I’ve covered LLC topics like How to Pay Yourself From Your Business, Top 10 Things Every LLC Needs, How Do I Contribute Money to My LLC?...
How to Dissolve an LLC Here are a few of the important steps to dissolve an LLC: Check the Operating Agreement. Most Operating Agreements will describe the process that needs to be taken to dissolve the LLC. The Operating Agreement will how, when, and the process by...
DUNS Numbers What are DUNS numbers? And does your business need one? A DUNS number is a unique 9-digit identification number that is issued by Dun & Bradstreet. Businesses are not required to obtain a DUNS number, though it may be beneficial for some. Establish...
When it comes to starting a business, a common question that I hear is, “does my LLC need an Operating Agreement?” As with most things when it comes to the law, the answer to the question is: it depends! The operative word here is “need.” Many...
